Bitcoin Slips Below Key Support as Dollar Strengthens Ahead of Powell Speech
Yahoo Finance·2025-10-09 09:49
Bitcoin (BTC) dipped below a key support level Thursday, pulling the broader crypto market down as the US dollar gained strength ahead of Federal Reserve Chair Jerome Powell’s speech. The leading cryptocurrency fell over 1% $121,500, reversing Wednesday’s spike and penetrating the 200-hour simple moving average, CoinDesk data show. Other major tokens such as BNB and ETH dropped over 3%. The CoinDesk 20 Index fell 1% to 4,155 points. The decline followed another strong day of inflows into the U.S.-listed ...